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English definition of “premium”

premium

noun [C]     /ˈpriːmiəm/
an amount of money that is more than usual: We're willing to pay a premium for the best location.attract/command a premium BMW, Mercedes, Volvo, and even Volkswagen have usually commanded a premium because they are seen as stylish.
HR, WORKPLACE →  premium pay
INSURANCE →  insurance premium → See also share premium
at a premium at a high price or a higher price than might be expected: We made 2.20 a share this year, and are trading at a premium on the S&P 500.at a premium to sth Investors had bid up the bank's shares in recent weeks, because they thought a bigger bank might buy the company at a premium to the current stock price.
put a premium on sth to consider something to be very important or valuable: The busy shopper puts a premium on finding everything in one big store.
→ See also option premium
(Definition of premium noun from the Cambridge Business English Dictionary © Cambridge University Press)
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